Alaska Announces New Payment Dates for 2024 – $1,655 PFD Check and Energy Relief

While Alaska’s Permanent Fund Dividend (PFD) checks are not stimulus payments, they can feel like one due to their substantial amounts. In 2024, Alaskans can expect to receive a sizeable payment that, for many, will resemble the financial boost of a stimulus check. Let’s break down the details of the upcoming PFD payments, who qualifies, and when you can expect to receive your funds.

PFD Recap

For those still catching up, the 2023 PFD was worth $1,312. While most beneficiaries have already received their payments, there are still a few remaining payout dates. If you missed out, you still have a chance to collect your check on the last two scheduled paydays: August 15 and September 12, 2024. These dates are crucial for anyone who hasn’t yet received their 2023 PFD and is eligible for it.

Overview

Looking ahead to the 2024 PFD, the Alaska Department of Revenue has announced that the first disbursement will begin on October 1, 2024. This year’s PFD is expected to be slightly higher than the previous year, with eligible Alaskans receiving approximately $1,360. In addition to the PFD, there will be an energy relief dividend of $295, bringing the total payment to around $1,655.

This payout can significantly benefit Alaskans, particularly as the colder months approach, offering financial relief similar to what many experienced with past stimulus checks.

Payment Schedule

The payment process for the 2024 PFD is organized into two main disbursements, depending on how you chose to receive your payment.

Direct Deposit

The first payment date is October 3, 2024. This date is reserved for those who filed for the 2024 PFD online and opted for a direct deposit. If you’ve chosen this method, you can expect your funds to arrive promptly on this date.

Paper Check

If you opted to receive your PFD via paper check, or if you filed by paper, your payment will be disbursed later, on October 24, 2024. While this means a longer wait compared to direct deposit recipients, it ensures that everyone gets their payment by the end of October.

It’s important to remember that the payment date you fall into depends on your filing and payment selection process. If you’re in urgent need of these funds, having chosen direct deposit will work in your favor.

Payment Status

For those eagerly awaiting their PFD, checking your payment status online can provide peace of mind. By visiting the PFD website, you can see your current payment status.

If your status shows “Eligible-Not Paid” on September 20, 2024, you can expect to receive your direct deposit on October 3. For those expecting a paper check, if the status still reads “Eligible-Not Paid” on October 14, 2024, your payment will be issued on October 24. This system ensures transparency and helps Alaskans plan their finances around these payments.

The 2024 PFD may not be a stimulus check, but for many Alaskans, it offers a significant financial boost that can feel just as impactful. With payments ranging from $1,360 to $1,655, depending on the inclusion of the energy relief dividend, this year’s PFD provides much-needed support as winter approaches. Mark your calendars for October 3 or October 24, depending on your payment method, and check your status online to stay updated on when you’ll receive your funds.

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